CenturyLink, Inc. (CTL) Holdings Increased by WFG Advisors LP
WFG Advisors LP grew its stake in shares of CenturyLink, Inc. (NYSE:CTL) by 18.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,369 shares of the technology company’s stock after buying an additional 12,913 shares during the quarter. WFG Advisors LP’s holdings in CenturyLink were worth $1,991,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in CTL. Vanguard Group Inc. raised its position in shares of CenturyLink by 22.6% during the 2nd quarter. Vanguard Group Inc. now owns 57,351,163 shares of the technology company’s stock worth $1,369,547,000 after buying an additional 10,583,246 shares in the last quarter. Capital World Investors bought a new stake in shares of CenturyLink during the 2nd quarter worth about $142,086,000. Standard Life Investments LTD bought a new stake in shares of CenturyLink during the 2nd quarter worth about $112,613,000. Fiduciary Management Inc. WI bought a new stake in shares of CenturyLink during the 2nd quarter worth about $86,411,000. Finally, Samlyn Capital LLC bought a new stake in shares of CenturyLink during the 2nd quarter worth about $80,290,000. Institutional investors own 83.04% of the company’s stock.
CenturyLink, Inc. (NYSE:CTL) traded down 0.49% during mid-day trading on Friday, hitting $20.25. 12,950,021 shares of the company were exchanged. CenturyLink, Inc. has a 12-month low of $18.17 and a 12-month high of $33.45. The company has a 50 day moving average of $19.43 and a 200 day moving average of $22.88. The stock has a market cap of $11.13 billion, a P/E ratio of 29.35 and a beta of 0.89.
CenturyLink (NYSE:CTL) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). CenturyLink had a net margin of 2.20% and a return on equity of 8.43%. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the previous year, the company posted $0.63 earnings per share. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. On average, equities research analysts expect that CenturyLink, Inc. will post $1.94 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, September 5th were given a $0.54 dividend. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 10.67%. CenturyLink’s dividend payout ratio is 313.04%.
A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of CenturyLink from a “sell” rating to a “hold” rating in a research report on Friday. Deutsche Bank AG dropped their price target on shares of CenturyLink from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Tuesday, October 10th. Barclays PLC dropped their price target on shares of CenturyLink from $23.00 to $19.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 4th. Jefferies Group LLC restated a “hold” rating and set a $22.00 price target on shares of CenturyLink in a research report on Tuesday, October 3rd. Finally, Royal Bank Of Canada restated a “hold” rating and set a $25.00 price target on shares of CenturyLink in a research report on Monday, September 18th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $25.15.
CenturyLink Company Profile
CenturyLink, Inc is an integrated communications company. The Company is engaged in providing an array of communications services to its residential and business customers. Its segments include business, which provides strategic, legacy and data integration products and services to small, medium and enterprise business, wholesale and governmental customers, including other communication providers, and consumer, which provides strategic and legacy products and services to residential customers.
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